3 ms·

Their track record is pretty terrible. https://scorpioncapital.com/track-record https://scorpioncapital.com/track-record Entire port is negative. Not a single

• alecco 5y ago
  The "Big Short" was negative until the market caught up.
• ckastner 5y ago
  I found it odd that they'd publish such a poor track record, so I checked the worst performing position ALLK (-97%). The stock was at 100-ish in December 2019 (their reference), and today it is at 3.22. Consequently, it seems that the performance that they are reporting is that of the stock, not of their short. Edit: fixed the reference date.
• icambron 5y ago
  I didn’t follow that at all. That page shows the change in stock price for the companies, not the unrealized gain/loss from short positions. That doesn’t tell us how their portfolio has performed, but it suggests they have a good track record of calling losers. What am I missing?
• thablackbull 5y ago
  It's highlighting just the opposite - that their short calls are prescient. You're seeing it's all negative because they are betting that those stocks will drop.
• OJFord 5y ago
  Those aren't negative results on 'short positions', they're the underlying, i.e. taking the short position was a good call. '[Every] single short position is turning a profit'. I'd agree that's confusing/ambiguous if it weren't for the S&P comparison. ('If we'd taken an equally valued long position in the S&P 500 instead' would be a weird thing to state.)
• jacquesm 5y ago
  That's exactly how you profit from a short position.